Omaha daily bee., 1887-09-25
SATURDAY MARKET FIGURES
The Usual Last Days Dizziness Helped
Along By Various Causes.
WHEAT LOWER AND DECLINING.
Corn Values Strong With Little Busi-
ness Done-Provisions Exhibit In
creased Interest-Cattle Very
scarce-Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, Sept 24.-lSpecial Telegram to
the BEE. BESIDES the natural and custo-
mary dullness incident to the markets on
Saturday and the "evenipg up process OF
the last day of the week, an election of two
directors and the voting on an amendment
to the rules especially tended to make busi-
ness light to day. Members were evidently
more interested in the rule by which. ac-
cording to their several judgments, they
were to reap larger or smaller profits for
their work In the future than they we're in
the possibility of immediate profits. The
wheat market opened sc below yesterdays
closing figure ard declined still another Lc
under free selling by Ream, Cudahy and
Singer, possibly aided by the New York
cholera scare, which, however, seemed to have
expended most of its force In the
short session of yesterday afternoon.
Late private London cables, however, were
firm and brought bids for wheat 1t was re-
ported that Minneapolis would show no in
crease in the stocks in store there on Mon
day. The Duluth market was strong and still
remains higher than our own, indicating that
the receipts there are disappointing either in
quantity or quality or probably both. With
this sort of news prevalent when the above
named bears and their following ceased
their hammering, and Fleming Il Boyden,
Geddes, and Mimine, Bodman II Co. ap-
peared as good buyers, there was speedy
reaction helped probably by the covering of
the short sellers, who followed the big bears
early in the day. From the low point the
advance was quite steady to the close, but
the volume of business was not large.
Shipments from the seabOard were reported
as l55OO0 bushels of wheat. The receipts to-
day were 1l6 cars, 4S cars more than were
expected. There was one car of inspected
Nh ct,rin pon nLnr hot
able money is now going into the country for
the purchase of the new wheat crop. The
closing hour was strong at almost the highest
point OF the dsy-0ctober oc 5ol l@7SAc' Deeem.
the day was l4CGssc on October, but the May
option closed At exactly yesterdays closing
figure.
Corn opened at about yesterdays closing
comparatively little business done. The only
feature appeared to be the continued buying
by W. T. Baker, who is taking q large share
on the floor who believe that these
purchases are in fact for Hutchinson,
and plenty. of traders who credit
the continued strength in corn to these pur.
chases. The receipts to-day were somewhat
less than expected-447 cars. The shipments
were fair-27O, 900 bushels. Vessel room was
taken for 100000 bushels of corn to-day. The
@4OSlc to 4lx@4lSSc, and in May between
4414c ana 441sc The closing was steady at
4ll1l@4lasc for October and 445s94slc for
May.
Speculation in oats was about the same in
volume as on the preceding days OF the week,
being rather light in all futures and almost
entirely local. October opened at 25l &c, sold
from 251s s(G25Ltc on the split to 25ssc and
closed at outside figures, or shade stronger
than yesterday afternoon. November
opened and closed at 25'sc and sold a split
both above and below that May sold and
closed at 293sc, which was a small fraction
lower, the market touching 29L5c at one time.
Charters were made for 1l7,OO0 bushels by
lake shippers. ..l.
terest was exhibited for the closing day of
the week. Traders of all classes were re-
markably we'll inclined to take hold, and in
the general market there was not only COM
paratively fair activity, but a stronger feel
ing. Barring September and October short
ribs, which declined 2l15c higher prices were
the rule. Lard for deliveries INCLUDED within
the present year was advanced SC, year pork
l5c, January pork l219c and January
speculation. witnessed January was
$l2 15(al2 20. for lard at Sc 4O96 Az, and
for short ibis at Sc 1896 271a. The inside
| prices quoted prevailed early, and at the close
pork for January stood at sic 30. lard at
| Sc 451S6 Az and short ribs at Sc 2596 27la.
| For October lard ranged at So 35(96 45 and
| short ribs at SIS 22l5(9S 25, closing at SO 4211
| (16 45 and IS 25.respectlvely. Lard for No
| veinber closed at SIS 1856 40, and for De-
cember at So 40. Cash lard was 2}Sc higher
than October, AMI In good demand.
Cash meats were in better request,